Karen Axelton

2 days ago | experian.com | Karen Axelton

You can borrow money against your house for a car loan, but it's generally not recommended. Loans against your home equity are much more expensive than auto loans, and you could lose your home if you can't make your payments. Here's what to know before using your home equity for a car loan. Can You Borrow Money Against Your House for a Car Loan? You can borrow against your house for a car loan using your home equity, or the difference between your home's value and what you owe on your mortgage.

6 days ago | experian.com | Karen Axelton

Quick AnswerNo, you do not need a driver’s license to buy a car, but it will be more difficult to insure and register your new vehicle. You’ll also need a licensed driver to drive your new car home. You don't need a license to buy a car, but being unlicensed could make it harder to register and insure the vehicle after the purchase. You'll also need a licensed driver to drive your new car off the lot. If you're thinking about buying a car without a driver's license, here's what you should know.

1 week ago | experian.com | Karen Axelton

Quick AnswerThere are plenty of ways to save money on groceries, including setting a budget, planning menus, making a shopping list, joining store loyalty programs, using cash back apps and shopping with cash back credit cards. It's not your imagination: The cost of groceries is rising. From 2019 to 2024, the price of food and beverages increased by 29.3%, according to the Bureau of Labor Statistics—which projects prices will keep rising faster than average in 2025.

1 week ago | experian.com | Karen Axelton

What Is a Rebate on a Car? A rebate on a car is a cash incentive offered by the manufacturer to the buyer after the purchase of a new vehicle. Sometimes called bonus cash, customer cash, cash allowance or cash back, rebates can range from a few hundred to several thousand dollars. At the end of 2024, the average new car incentive was $3,958 (about 8% of the average transaction price), according to Cox Automotive. Rebates typically apply to certain models or trims and are used to help move inventory.

1 week ago | experian.com | Karen Axelton

How Much Should You Save for a Car? There's no right or wrong answer when it comes to the exact amount you should save for a car. However, there are some upfront costs you'll need to plan for when deciding how much to save. Experts generally recommend putting a down payment of at least 20% on a new car and at least 10% on a used car.